Former Time Warner Chief Dick Parsons Named Clippers Interim CEO
The exec will run business operations for the NBA team during the Donald Sterling scandal, the league said Friday.
The Los Angeles Clippers have found a new CEO to control the business operations of the NBA team during the tumultuous Donald Sterling scandal.
Dick Parsons, the former Time Warner CEO and chairman of Citigroup, has been named interim CEO of the Los Angeles basketball franchise, the league said Friday.
"I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization," commissioner Adam Silver said in a statement. "Dick’s credentials as a proven chief executive speak for themselves, and I am extremely grateful he accepted this responsibility."
Parsons, 66, preceded Jeffrey Bewkes as Time Warner chief. He exited the company at the end of 2008 and was named Citigroup chairman in January 2009, serving until April 2012.
"Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured," said Parsons in the statement. "A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league."
The NBA is turning to the veteran media executive following commissioner Silver's pledge to force a sale of the Clippers after audio recordings emerged of Sterling, the team's owner, making racist remarks.
On May 3, the league announced that it was beginning a search for a new team president "to ensure the stability of the team during this difficult situation."
Current Clippers CEO Andy Roeser -- who released the initial statement on behalf of Sterling when the recordings first emerged -- was placed on leave this week.